Group Co.
FinecoBank Adds Canadian Stock Exchange to Portfolio of Stock Options on Offer
Traders Magazine Online News, August 12, 2019
FinecoBank has announced the addition of the Canadian Stock Exchange to its extensive portfolio of stock options. This means traders and investors can now access to an additional 250 shares and over 600 ETFs available on the Toronto Stock Exchange (TSX) via Fineco’s online trading platform. The move bolsters Fineco’s existing offer of 26 international stock markets, giving it one of the most comprehensive range of stocks, ETFs and bonds available on any platform.
This latest announcement follows two others in quick succession. Last week, the bank added the Chinese Yuan to its multicurrency offer. The week before was the launch of the Euro Direct Debit feature for UK customers.
Customers using the Fineco platform will be able to trade securities quick and effectively on the Fineco Website using the PowerDesk platform or Fineco mobile app. In addition, traders and investors will benefit from being able to receive and make transfers in Canadian dollars and reinvest dividends in local currency without incurring exchange fees using Fineco’s multicurrency platform.
Maximum cost for each order is set at 25 Canadian dollars and there is potential to reduce this transaction cost to 10 dollars.
The third-largest bank in Italy, Fineco launched in the UK just over two years ago. Banking, trading and investing can be managed through a single account, with the ability to hold up to 13 currencies as standard. Last week, Fineco announced the addition of Chinese Yuan to this list of currencies.
Alessandro Capuano, Head of Global Brokerage & International Business Development: "Today’s announcement strengthens our offer to investors and traders giving them the most comprehensive choice of stocks, ETFs and bonds available anywhere. Added to this, it reinforces our position as the ‘one stop shop’ for a customer’s financial needs. Our service, already incredibly popular in Italy and mainland Europe, remains unique in the UK.
“The Toronto Stock Exchange represents an interesting opportunity for customers, in particular for mining stocks and those operating in the hemp processing segment. We can offer customers maximum flexibility with the ability to manage investments in Canadian dollars.”
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